He estimated that wage increases could lift annual costs by $40 million to $60 million for Caesars and double that amount for MGM, based on their employee figures.Ĭaesars shares were up about 3% in early trading, while MGM and Wynn Resorts rose 1.6% and 0.5%, respectively. MGM has said every 1% increase in wages will equal about $10 million of additional labor costs, according to Truist analyst Barry Jonas. Playing cards and chips are displayed on a blackjack table at the MGM Resorts International in Las Vegas, Nevada, Jan. The two companies were not available for comment. Talks with rival operators MGM Resorts International and Wynn Resorts are yet to yield an agreement ahead of the Nov. The unions have been negotiating for about seven months and 95% of their members voted at the end of September to authorize a city-wide strike. 'Companies that can't afford a strike shutdown are going to face the most pressure to make big concessions,' University of Michigan professor Erik Gordon said. The Venetian even jumps into the comedy game for a couple of nights. The Mirage and Wynn Las Vegas are welcoming a slew of comedians in June.

The city is also gearing up for major events including the Formula 1 Las Vegas Grand Prix this month, which is expected to draw more than 100,000 tourists. Before we get into the Vegas news of the month, let’s review upcoming June entertainment. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

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